Despite the state’s nation-leading unemployment, foreclosure, and bankruptcy rates, projections in Nevada point to a 6.4 percent increase in holiday spending this year, according to estimates by an information advisory firm.
“This projection of increased spending mirrors the growth seen in retail-specific sales during the first eight months of the year,” said Jeremy Aguero of Applied Analysis. “For several years, Nevada’s spending trailed national spending. This year, we believe that gap is beginning to close.”

CARSON CITY – Nevada Democrat U.S. Senate candidate Byron Georgiou said he is in the race to win it in 2012 despite facing opposition from U.S. Senate Majority Leader Harry Reid, D-Nev.

Bankruptcy filings nationwide dropped 7 percent in April, continuing a downward trend that began at the start of the year - though Nevada still had the highest rate despite a 15 percent decline sin...

(U.S. Department of Justice Press Release)
WASHINGTON – Teresa Kelly, a former operations supervisor in Colonial Bank’s Mortgage Warehouse Lending Division (MWLD), pleaded guilty today to conspiring to commit bank, wire and securities fraud for her role in a fraud scheme that contributed to the failures of Colonial Bank and Taylor, Bean & Whitaker (TBW).

Colonial Bank had a branch on Stewart Street in Carson City, that now sits vacant.

After a marathon meeting today, the Carson City Board of Supervisors voted 4-1 to allow staff to begin negotiations on agreements to develop the City Center/Nugget Project.

But the project may face hurdles getting final approval, as two of those voting yes expressed concerns about the project.

By Andrew Doughman / Nevada News Bureau
RENO – When Gov. Brian Sandoval’s staff reduced funding for the Sierra Regional Center in the governor’s proposed budget, he may not have known what that would mean to the Stangelands.

Ramping down Nevada’s dependence on the gambling industry (and associated consumer spending) through developing new job-creating industries was the main topic at last Friday’s Nevada 2.0 economic forum at UNLV.
Lt. Gov. Brian Krolicki used the word “retooling” as he spoke of the need for diversity in his opening remarks, adding that he did not believe the vision of  an economically robust Nevada was “Pollyanna-ish.”

By Sean Whaley / Nevada News Bureau
CARSON CITY – Veteran Republican state Sen. Bill Raggio, R-Reno, won’t be minority leader in the upcoming 2011 session, withdrawing his name from consideration for the leadership post today after getting GOP criticism for backing Sen. Harry Reid in the Tuesday general election.

By Nevada News Bureau
CARSON CITY – Nevada state GOP treasurer candidate Steve Martin did say on a local television program in September that he had clients that lost money in the financial meltdown in the fall of 2008. But Martin reiterated this week he was not providing investment advice to his clients at that time.

CARSON CITY – Republican state treasurer candidate Steve Martin said today the Democratic incumbent is playing politics by delaying a discussion involving an unprecedented $50 million investment loss until after the Nov. 2 general election.

By Sean Whaley / Nevada News Bureau

Carson City Manager Larry Werner told the Board of Supervisors today that they are hoping to wrap up work on cost estimates for the city's portion of the Nugget Project by the end of the day.

Werner said that these cost estimates would determine if they had a feasible project or not, compared with the funding that would be provided by a 1/8 cent sales tax increase and tax increment financing.

He told the board that the results would be presented to the citizen's committee, whose next meeting is tentatively scheduled for Sept. 27.

Local REALTOR, Heidi McFadden, Earns Short Sale Designation to Help Homeowners in Danger of Foreclosure

Carson City, NV – 8/25/2010 – Heidi McFadden of Realty Executives Nevada’s Choice in Carson City has earned the prestigious Certified Distressed Property Expert (CDPE) designation, having completed extensive training in foreclosure avoidance, with a particular emphasis on short sales. At a time when millions of homeowners are struggling with the possibility of foreclosure, the skills and education amassed by McFadden will help benefit Carson City area residents and communities.

CARSON CITY – Nevada state Treasurer candidate Steve Martin is questioning the method Treasurer Kate Marshall is using to account for the loss of interest income from a failed $50 million investment with the now bankrupt Lehman Brothers.
Martin is also questioning whether Marshall has the authority to write off the interest loss to agencies and programs over a period of four and a half years.

A dozen community and labor groups from Nevada have signed onto a letter to Attorney General Catherine Cortez-Masto urging her to support, not file suit, over federal health care reform.
Nevada Gov. Jim Gibbons this week demanded the Attorney General join a lawsuit filed by 14 other Attorneys General to block implementation of federal health care reform, a package of changes that critics of the lawsuits claim are needed in Nevada, where an estimated 400,000 men, women and children lack health insurance coverage.

Congressman Dean Heller, firmly standing with his party and the health insurance industry, rejected a Democratic-led plan to provide affordable health care for Northern Nevadans.

As state lawmakers scramble to fill a nearly one billion dollar hole in the state budget, political warfare has escalated between Governor Gibbons and the Legislature.

by Scott Schrantz

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No….they’re not going to close. They’re just re-arranging things. In fact they say they expect 2010 to be a very good year for the chain.

CAMDEN, N.J. - Both sides in the battle to buy Trump Entertainment Resorts and its three Atlantic City casinos out of bankruptcy are digging deeper in their pockets to try to make it happen.

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Senator Reid threatens a monkey wrench in national health care reform unless Nevada’s near bankruptcy situation is taken into account.

by Scott SchrantzView Large

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The global recession is said to have driven Station Casinos deep into the red, forcing a run for the bankruptcy court to get a humungous debt situation resolved.

LAS VEGAS (AP) - The three medical clinics at the center of last year's hepatitis outbreak have filed for bankruptcy, in a move that threatens to delay the first civil trial involving a patient infected with hepatitis C, which is...